Newsletter summary
State Administration of Financial Supervision and AdministrationMostearningcryptogamesIt is strictly forbidden to use interbank lending business in disguise as a tool for long-term integration of fundsMostearningcryptogamesAccording to the website of the State Administration of Financial Supervision and Administration, the State Administration of Financial Supervision and Administration issued "on promoting the standardized and healthy Development of Financial companies of Enterprise groups and improving the quality of Supervision and Control"Mostearningcryptogames.Mostearningcryptogames..
Text of news flash
The State Administration of Financial Supervision and Administration: it is strictly forbidden to use interbank lending business in disguise as a tool for long-term integration of funds. According to the website of the State Financial Supervision and Administration, the State Administration of Financial Supervision and Administration issued the guidance on promoting the healthy Development of Enterprise Group Financial companies and improving the quality and efficiency of Supervision. The opinion points out that the focus should be on the risk of out-of-group business. Financial companies should scientifically formulate business development plans and strategies, accurately understand the essence of non-group business risks, improve risk prevention and control mechanisms, and strictly control the level of financial leverage and external risk exposure. It is strictly forbidden to use interbank lending business in disguise as a tool for long-term integration of funds; not to handle interbank business without or beyond the line of credit; and to strictly implement the requirements of authenticity examination of trade background to prevent bill business from being used as an arbitrage tool. Proofreading: Su Huanwen